Dhampur Bio Organics Limited – Investor Presentation Summary

Key Operational Highlights

  • Sugar Sales: 96,889 tons in Q2 FY27 (96,220 tons in Q2 FY26)
  • Average Sugar Realization: ₹48,999 per ton in Q2 FY27 (₹40,862 per ton in Q2 FY26)
  • Ethanol Production: 12.91 million BL in Q2 FY27 (14.71 million BL in Q2 FY26)
  • Ethanol Sales: 11.35 million BL in Q2 FY27 (15.86 million BL in Q2 FY26)
  • Country Liquor Sales: 15,50,689 cases in Q2 FY27 (11,61,538 cases in Q2 FY26)
  • Average Country Liquor Realization (Net of Excise): ₹335.48 per case in Q2 FY27 (₹280.73 per case in Q2 FY26)
  • Sugar Inventory: 36,147 tons as of Q2 FY27 (56,201 tons in Q2 FY26)
  • Ethanol Stock: 3.88 million BL as of Q2 FY27 (4.11 million BL in Q2 FY26)

Key drivers of operational performance: Higher sale prices of sugar, increased contribution of grain-based ethanol, and volume growth in country liquor segment.

Segment-wise Performance

Sugar Segment
  • Q2 FY27 Revenue: ₹468.7 Crores (Q2 FY26: ₹415.9 Crores), +12.7% YoY
  • Q2 FY27 EBIT: ₹47.6 Crores (Q2 FY26: ₹9.6 Crores), +395.1% YoY
  • Q2 FY27 EBIT Margin: 10.15% (Q2 FY26: 2.31%), +784 bps
Biofuel & Spirits Segment
  • Q2 FY27 Revenue: ₹104.4 Crores (Q2 FY26: ₹95.5 Crores), +9.3% YoY
  • Q2 FY27 EBIT: ₹5.6 Crores (Q2 FY26: -₹4.4 Crores), +225.5% YoY
  • Q2 FY27 EBIT Margin: 5.32% (Q2 FY26: -4.6%), +996 bps
Country Liquor Segment
  • Q2 FY27 Revenue: ₹107.8 Crores (Q2 FY26: ₹29.2 Crores), +268.7% YoY
  • Q2 FY27 EBIT: ₹3.6 Crores (Q2 FY26: ₹4.7 Crores), -22.8% YoY
  • Q2 FY27 EBIT Margin: 3.37% (Q2 FY26: 16.07%), -1271 bps

Explanation of significant changes in segment performance: Sugar segment growth driven by higher sale prices; Biofuel segment improvement due to higher contribution of grain-based ethanol; Country Liquor revenue growth primarily due to volume increase.

Financial Highlights

Revenue: ₹665.5 Crores (Q2 FY27), ₹1,220.4 Crores (H1 FY27)

EBITDA: ₹60.0 Crores (Q2 FY27), ₹72.3 Crores (H1 FY27)

PAT: ₹26.6 Crores (Q2 FY27 from continuing operations), ₹65.0 Crores (H1 FY27 including discontinued operations)

EPS: ₹4.1 per share (Q2 FY27), ₹9.9 per share (H1 FY27)

Margins: EBITDA Margin 9.02% (Q2 FY27), PAT Margin 4.00% (Q2 FY27)

YoY comparison: Revenue up 24% YoY in Q2 FY27, EBITDA up 364% YoY in Q2 FY27, PAT from continuing operations turned positive from loss of ₹8.3 Cr in Q2 FY26 to profit of ₹26.6 Cr in Q2 FY27

Drivers of financial performance: Higher revenue growth, improved operational efficiencies, and better realization across segments.

Geographical Revenue Split

Not Specified

Balance Sheet Snapshot

Net Debt/Equity: 0.10x as on September 30, 2026

Surplus Funds: ₹116.4 Crores including investments of ₹90 Crores in FD & Bonds

Financial Health Insights: Strong balance sheet with long-term and short-term ratings of BBB+ (stable) and A2 by Care Ratings respectively. Company repaid long-term loans of ₹85.84 crores during Q2 FY27 and availed fresh term loan of ₹14.27 Crores.

Capex & Cash Flow Health

Not Specified

Strategic & R&D Initiatives

Company is repositioning itself as a value-added sugar and spirits manufacturer and a bio-energy company. Focusing on producing ethanol through dual feed plant – sugarcane and grain.

Expected impact on growth: Not specified

Strategic Rationale: Capitalizing on favorable trends in sugar and broader agricultural economy, better utilization of resources and increased synergies in production and management.

Industry Trends & Business Environment

Not Specified

Management Commentary & Growth Outlook

Not Specified

ESG Updates

Company has ESG strategy comprising four pillars: Responsible Governance, Resource Efficient Operations, People First, and Purposeful Products. Conducted materiality assessment to identify sustainability issues important to company and stakeholders. ESG initiatives align with UN Sustainable Development Goals.